Market Share of APAC Acoustic Sensors Industry
Acoustic sensors are a relatively simple device to manufacture. Consequently, the market is highly fragmented, with many global and local manufacturers contributing to the market dynamics. The MEMS market is seeing steady growth, but companies have to face cut-throat competition leading to brutal price declines and low margins. The market is continually adding new entrants into the market.
- June 2020 - The China-based electric vehicle (EV) producer, BYD, secured a second round of financing for its BYD Semiconductor subsidiary to increase its production. The company is interested in developing semiconductors that can increase the electric motor's efficiency in EVs. With such initiatives to improve the manufacturing capacities in the region, the demand for acoustic sensors is expected to increase.
APAC Acoustic Sensors Market Leaders
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API Technologies Corp.
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Boston Piezo-Optics Inc.
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CeramTec
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CTS Corporation
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ECS, Inc. International
*Disclaimer: Major Players sorted in no particular order
